25 05, 2018

12 Essential Financial Lessons Every Child Must Learn

2018-05-25T12:29:22+08:00May 25th, 2018|Categories: General Tips, Personal Finance|Tags: , , |

Financial fidelity is something that should be learned at an early age. The economic chasm that exists between the so-called Haves and Have nots exist foundationally and primarily because of the lack of knowledge – specifically financial knowledge. How can a person know what to do with money if they do not know anything about money or how money works? Indeed, [...]

1 10, 2015

4% Monthly Interest Rate Cap for Moneylenders

2018-10-16T19:38:34+08:00October 1st, 2015|Categories: Licensed Money Lender, Money Lender Singapore, Money Lenders|Tags: |

New regulations to cap the cost of borrowing from licensed money lenders will kick in on Thursday (Oct 1), announced the Ministry of Law (MinLaw). The new regulations will also require money lenders to calculate interest on a reducing balance basis for personal loan. In a news release on Wednesday loans will be subject to the following caps: An upfront [...]